Friday, April 25, 2008

The staggering cost of renewable energy

Dominic Lawson: The staggering cost of renewable energy - Dominic Lawson, Commentators - The Independent
The British public might become even more furious when it learns that one reason for the extra cost of wind power is that its inherent variability means that we will still need to retain our entire existing network of conventional power stations as back-up. That is because it is not a good idea for us to endure what happened two months ago in Texas, America's biggest wind-power producing state: a sudden drop in wind combined with a fall in temperatures led to what was described as "an electric emergency" – customers in west Texas were deprived of power for 90 minutes.

One thing is clear; the British public does need educating about this: even one of The Independent's most intelligent commentators wrote here last week that "The mini-windmill on David Cameron's new house is an economical way for an individual household to generate electricity, even contribute to the national grid". Well, that's if you consider it economical to spend thousands of pounds on a roof-top turbine that produces – even according to its supporters – no more than 1 megawatt hour per year, worth £40 unsubsidised on the wholesale electricity market. As a contribution to reducing CO2 emissions it's about as cost-effective and meaningful as cycling to the House of Commons while having your chauffeur-driven car follow you with your briefcase, suit and black lace-up shoes.

If a serious economic downturn does hit this country, then such extravagant gestures, far from attracting praise, might begin to seem Nero-like in their irrelevance to an economy threatened by the flames of recession. Some Ipsos-Mori polling data published last week by the Financial Times showed that over the 12 months to January 2008, the proportion of those in Britain declaring "the environment" to be their biggest concern fell from almost 20 per cent to just 8 per cent.

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